Frank Lampard has agreed a free transfer to New York City - and Atletico Madrid marksman David Villa is set to join him.

The highly decorated ex-Chelsea midfielder and the Spanish title-winning striker were at Manchester City's Carrington complex on Saturday to complete the internal formalities of their respective moves.

Lampard and Villa met with Jason Kreis, installed as New York City Head Coach back in January by the Premier League champions' Chief Executive Officer Ferran Soriano. Lampard broke off from his preparations with England for the World Cup to sort out his move.

Both deals are a huge statement of intent from City's US franchise which kicks off in the new Major League Soccer season next March. Lampard is understood to be have agreed to a basic wage significantly less than the £150,000-a-week that he picked up at Chelsea.

That pay packet is expected to be boosted substantially by bonuses however with the England midfielder's signing a massive coup.

Lampard's decision to quit London for the Big Apple signals the end of his 13-year association with the club he joined from West Ham for £11million in 2001.

Since then the 35-year-old midfielder has clinched three Premier League titles, four FA Cups, two League Cups, the Champions League and the Europa League.

Chelsea's record scorer with 211 goals, Lampard has rejected a 12-month extension at Stamford Bridge after making 40 appearances in all competitions last season.

New York's capture of Villa is another massive coup with 32-year-old fresh from helping Atletico beat Barcelona and Real Madrid to the Spanish title.

Villa, who scored 13 goals last season, is also set to fly out to Brazil shortly for the World Cup with Spain, who are among the favourites.

It was on the cards, if not this season then next. Still can&#39;t help feeling sad for losing the best player we ever had barring none. I am consoled by the fact that the club did good by him and he did good by his service for the club till the very end. 35 and an offer of extension on the table. Great guy a true gent a true aficionado of the game.

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Frank, thank you for being the Marshal of Chelsea Football Club together with John Terry in the new era.

You were the best player when we set the point record in the premiership. 95 points. We scored 72 goals, and you either scored or assisted more than 40% of those (29). Next year, you were again probably our best football player when we won the premiership again.

And just when we thought your best days were behind you, and we didn't look like winning the premiership for a while, we won again in 2009/2010 and set a goal record. You scored and assisted a ridiculous amount (39 in total, 22 goals). That was almost 40% of those 103 goals.

Overall, if any one player was the best one in those three premiership triumphs, it was you, Frank.

You fell out of favor with Andre Villas-Boas in 2011. And most thought you were done. You ended the season as our top scorer though, with 16 goals, and also got 10 assists. Your crowning triumph was captaining Chelsea Football Club in the Champions League final, and winning it. In the semis, you made the world's best footballer look like a fool by stealing the ball from him and setting up our 1-0 goal. In the next game, we were 2-0 down to Barcelona with only 10 men on our side. You captained us, and thankfully, assisted Ramires and we were through on away goals (Torres of course scored too in extra time).

Next year, you broke the Chelsea goal record. And you captained us again when we won the europa league final.

Thanks for your service Frank. And best of wishes. You'll never be forgotten. And forever be remembered as one of the most defining players in the history of Chelsea Football Club, one of the Kings of Stamford Bridge.